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FTX files for US bankruptcy protection; Bankman-Fried quits

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FTX files for US bankruptcy protection; Bankman-Fried quits

Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.

Investor calls on Temenos to oust CEO

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Investor calls on Temenos to oust CEO

Investor Petrus Advisers has called on Swiss core banking vendor Temenos to fire "out of his depth" CEO Max Chuard immediately and for chairman Andreas Andreades to resign.

CMA begins search for new chair of Open Banking entity as Crosswell steps down

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CMA begins search for new chair of Open Banking entity as Crosswell steps down

Charlotte Crosswell is to step down from her role as chair and trustee of the UK's Open Banking Implementation Entity, kickstarting a reruitment process for a fresh face at the helm as the organisation transitions to a new entity, Open Banking Limited.

Stripe lays off 1100 employees

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Stripe lays off 1100 employees

Payments behemoth Stripe is the latest fintech to take the axe to its global workforce, laying off more than 1100 - 14% - of its staffers.

Chime and Upstart lay off staff; Credit Karma pauses hiring

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Chime and Upstart lay off staff; Credit Karma pauses hiring

Digital bank Chime, online lender Upstart and Intuit-owned Credit Karma are the latest fintechs to reassess staffing in the face of the economic downturn.

Starling grows headcount by 20%

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Starling grows headcount by 20%

UK challenger bank Starling has grown its headcount by 20% this year to reach 2000 employees, with plan to recruit a further 200 staff before the year is out.

AFP 2022: Bank and corporate DEI advocates dare firms to be different

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AFP 2022: Bank and corporate DEI advocates dare firms to be different

The Association for Financial Professionals (AFP) annual conference featured a session Monday called 'Dare to be Different'. During the hour-long programme, a panel featuring diversity, equity, and inclusion experts from Goldman Sachs, Loop Capital, and Dropbox emphasised the financial and organisational advantages of increasing access and career advancement opportunities for women and minorities.

Money20/20 US: The inside track on fintech’s biggest event

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Money20/20 US: The inside track on fintech’s biggest event

Money20/20 USA is set to kick off this weekend, live and in-person at none other than the infamous halls of The Venetian, Las Vegas. The conference is a mainstay of the fintech event-season, and with over 11,500 attendees and 3,000+ companies expected to descend on the Vegas strip, a smorgasbord of announcements and updates will be unveiled in the coming days.

UK's IoD sets up fintech group

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UK's IoD sets up fintech group

The UK's Institute of Directors has launched a special interest group designed to boost the UK's fintech sector

Atom Bank names CFO

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Atom Bank names CFO

UK challenger bank Atom has named Andrew Marshall as chief financial officer.

Report highlights tech skills shortage

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Report highlights tech skills shortage

The financial services sector faces a potential shortage of skilled technologists and data analysts over the next five years, according to as recently published report.

JPMorgan Chase taps ex-Celsius exec for crypto job

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JPMorgan Chase taps ex-Celsius exec for crypto job

JPMorgan Chase has appointed a former executive at bankrupt crypto lender Celsius as its head of digital assets regulatory policy.

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